Credit, debit use analysis reveals spending trends

Recent analysis of Thanksgiving Day through Cyber Monday card transaction data shows credit and debit cardholders are increasingly completing their holiday shopping online and spending more money on experiences, according to CO-OP Financial Services. This year, 27.5 percent of credit card transactions processed by CO-OP came from electronic environments, compared to 25.0 percent in 2017. Debit […]

Survey reveals financial confidence for 2019

According to a recent holiday survey by Quotient Technology Inc., 52 percent of consumers say they are more confident about their personal finances than last year going into 2019, while 25 percent feel the same confidence level as last year, and 23 percent are feeling less confident. The reason for the confidence is attributed to 31 percent […]

National Credit Union ISAO plans February conference in Florida

The National Credit Union ISAO (Information Sharing and Analysis Organization) third annual conference, Leading Credit Unions to Cyber Resilience, will be held in Feb. 5-7 in Florida. You’re invited to join your credit union peers and other cyber security leaders at Kennedy Space Center’s Astronaut Memorial Foundation Building for a two-day event designed to benefit […]

Kraninger nomination wins cloture vote, BCFP unofficially outlining 2019 priorities

The Bureau of Consumer Financial Protection is drawing closer to new leadership after a Senate vote along party lines, 50-49, advancing the nomination of Kathleen Kraninger. She is expected to receive a confirmation vote early next week. Kraninger was nominated by President Donald Trump to head the watchdog agency and has faced Democratic opposition. Trump installed […]

NCUA: Tips to protect members from scams

With preparation for the holiday season in full swing, shoppers are busily swiping cards at retail stores or plugging in their credit card details at online sites. It’s a joyful time of the year, but also a time when scammers are eager to take advantage of the unwary. To help credit union members, the NCUA […]

Visa says chip technology reduces fraud 82 percent

It’s been three years since financial institutions, merchants, and consumers were encouraged to shift away from the familiar swiping of payment cards in terminals to inserting cards with EMV (which stands for Europay, Mastercard and Visa) chips, and since then the industry has made significant strides in rolling out chip-enabled cards and point-of-sale systems. One […]